Want to join the conversation?
$SPLS said that 1Q16 total company sales were $5.1Bil, down 3% vs. 1Q15. Non-GAAP total company sales fell 1% vs. 1Q15, excluding a 1% headwind from changes in FX rates and a 1% headwind from stores closed in North America during the past year. Gross profit margin fell 33 BP to 25.3% vs. 1Q15, reflecting lower product margin rates internationally.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.